This Bitcoin and DeFi token is preparing for a massive rally, according to KOL Credibe Crypto
With negative sentiment pervading the market after Monday’s sharp decline, popular analyst Credibe Crypto remains bullish on Bitcoin (BTC) and an altcoin for decentralized finance (DeFi).
The analyst told his 291,600 Twitter followers that Bitcoin looks attractive at current prices considering the benchmark cryptocurrency is about 40% below its all-time high.
“If my analysis is correct, the decline from current levels will be limited to around $ 10,000, followed by a rally to over $ 60,000 in the coming months.
Do not miss this opportunity. “
The source: Credible crypto / twitter
Credible Crypto uses Elliott Waves, a technical analysis method that predicts future price movements by analyzing the sentiment of the crowd across each wave. According to Credible’s chart, Bitcoin appears to be in the final stages of a correction before triggering a major rally to $ 100,000.
The analyst is also bullish on Curve DAO Token (CRV), the governance token for Curve Finance, a decentralized exchange that uses stablecoins as the basis for an exchange.
CRV is trading at $ 4.61 at press time, up 20% from a month ago.
Credible crypto said $ 5.50 to $ 6.00 will charge altcoins. If the CRV can outperform it, the analyst believes the cryptocurrency, ranked 78th by market cap, could soar almost ten times to $ 40 in the current bull run.